Alphabet Inc (NASDAQ:GOOGL) is Violich Capital Management Inc.’s 6th Largest Position

Violich Capital Management Inc. increased its stake in shares of Alphabet Inc (NASDAQ:GOOGL) by 5.3% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 15,840 shares of the information services provider’s stock after purchasing an additional 804 shares during the period. Alphabet makes up approximately 4.2% of Violich Capital Management Inc.’s investment portfolio, making the stock its 6th largest position. Violich Capital Management Inc.’s holdings in Alphabet were worth $17,152,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. State of New Jersey Common Pension Fund D purchased a new position in shares of Alphabet during the 2nd quarter worth approximately $2,166,000. Eidelman Virant Capital purchased a new position in Alphabet in the 2nd quarter valued at approximately $756,000. Cribstone Capital Management LLC boosted its position in Alphabet by 3.4% in the 2nd quarter. Cribstone Capital Management LLC now owns 1,588 shares of the information services provider’s stock valued at $1,719,000 after buying an additional 52 shares during the period. Allen Capital Group LLC boosted its position in Alphabet by 3.8% in the 2nd quarter. Allen Capital Group LLC now owns 1,511 shares of the information services provider’s stock valued at $1,636,000 after buying an additional 55 shares during the period. Finally, Jag Capital Management LLC purchased a new position in Alphabet in the 2nd quarter valued at approximately $825,000. 33.93% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:GOOGL traded down $12.43 during midday trading on Friday, hitting $1,199.35. 65,237 shares of the company were exchanged, compared to its average volume of 1,563,445. The stock has a fifty day moving average of $1,134.98. Alphabet Inc has a fifty-two week low of $977.66 and a fifty-two week high of $1,296.97. The company has a quick ratio of 3.96, a current ratio of 3.98 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $852.53 billion, a P/E ratio of 25.29, a PEG ratio of 1.36 and a beta of 0.96.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Thursday, July 25th. The information services provider reported $14.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $11.49 by $2.72. Alphabet had a net margin of 23.43% and a return on equity of 20.15%. The firm had revenue of $31.71 billion for the quarter, compared to analyst estimates of $30.90 billion. On average, equities analysts anticipate that Alphabet Inc will post 51.94 earnings per share for the current fiscal year.

Several equities analysts have commented on the stock. Argus reissued a “buy” rating and issued a $1,450.00 price target on shares of Alphabet in a research report on Wednesday, May 1st. Royal Bank of Canada raised their price target on shares of Alphabet to $1,425.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Deutsche Bank raised their price target on shares of Alphabet from $1,300.00 to $1,400.00 and gave the company a “buy” rating in a research report on Wednesday, May 15th. Loop Capital assumed coverage on shares of Alphabet in a research report on Monday, June 3rd. They issued a “hold” rating and a $1,250.00 price target for the company. Finally, Bank of America reissued a “buy” rating and issued a $1,350.00 price target on shares of Alphabet in a research report on Monday, July 22nd. Eight investment analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $1,368.76.

Alphabet Company Profile

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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